Test: Business Laws - 2


25 Questions MCQ Test Business Laws for CA Foundation | Test: Business Laws - 2


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This mock test of Test: Business Laws - 2 for CA Foundation helps you for every CA Foundation entrance exam. This contains 25 Multiple Choice Questions for CA Foundation Test: Business Laws - 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Business Laws - 2 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: Business Laws - 2 exercise for a better result in the exam. You can find other Test: Business Laws - 2 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

Two identical offers made by two parties to each other, without knowing the other party`s offer, are called ________ offers.

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QUESTION: 2

A minor is liable to make payment for the ______ availed by him.

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QUESTION: 3

Which of the following is a wider term?

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QUESTION: 4

Which of the following is/are also called executed consideration(s)?

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QUESTION: 5

If the goods of contract under sale are destroyed immediately after the agreement, the loss is to be borne by

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QUESTION: 6

The acceptance may be

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QUESTION: 7

Which of the following contracts is based upon the mode of formation?

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QUESTION: 8

There must be at least _____ parties in a contract.

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QUESTION: 9

A contract by or with a minor is _________ contract.

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QUESTION: 10

The ownership of property in goods immediately passes to buyer from seller in the contract of

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QUESTION: 11

In a contract containing reciprocal promises, where one party prevents the other from performing its promise, the contract becomes

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QUESTION: 12

The Partnership Act of India applies to

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QUESTION: 13

The consideration must move at the desire of _______ only.

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QUESTION: 14

________ is the most common law for all commercial transactions.

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QUESTION: 15

The partners are the _______ of the partnership firm.

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QUESTION: 16

The contract of sale can be made for _______ goods.

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QUESTION: 17

There was a contract of sale of goods but the seller did not have the possession of goods. Subsequently, the buyer became insolvent without making the payment. Who will get the control of goods?

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QUESTION: 18

An offer may be

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QUESTION: 19

A minor can never be

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QUESTION: 20

A contract which is not made in written or in words is called

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QUESTION: 21

Who among the following is not disqualified from contracting?

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QUESTION: 22

Who among the following can be a partner in a new firm?

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QUESTION: 23

Which of the following can be the members of partnership business?

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QUESTION: 24

A contract where all the parties have fulfilled their obligations is called _______ contract.

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QUESTION: 25

Which of the following contracts attract punishment under the law?

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